Appointment of Designated Partner in LLP - LLP is an evolved version of a normal partnership firm, where the liabilities of partners are limited. It is governed under the LLP Act 2008, and MCA handles its registrations and governance. In LLP, a minimum of two partners should be there, but there is no upper limit on the maximum number of partners. Regulatory Compliance: They are primarily responsible for ensuring that the LLP adheres to all legal compliance requirements, including the timely filing of annual returns, financial statements, and other necessary documents with the Registrar of Com